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KATY INDUSTRIES REPORTS NET INCOME OF $1,476,000 OR $.16 PER SHARE FOR THE SECOND QUARTER OF 1992

 KATY INDUSTRIES REPORTS NET INCOME OF $1,476,000
 OR $.16 PER SHARE FOR THE SECOND QUARTER OF 1992
 ELGIN, Ill., July 29 /PRNewswire/ -- William H. Murphy, president of Katy Industries, Inc. (NYSE: KT), today reported net income of $1,476,000, or $.16 per share, for the second quarter of 1992 compared to $3,784,000, or$?.40 per share, in 1991.
 Murphy commented that since the results for the second quarter of 1991 included a gain of $3,543,000, or $.37 per share, from the sale of Union Pacific stock, the 1992 numbers reflect a substantial improvement in operating profits. He also noted that the substantial losses from Katy's 75 percent owned German subsidiary continue to depress Katy's current results.
 For the six months ended June 30, 1992, the company reported net income of $2,308,000, or $.26 per share, compared to $9,261,000, or $.97 per share, in 1991. The 1991 period included an extraordinary gain of $3,055,000, or $.32 per share, in addition to the gain on the sale of the Union Pacific stock as mentioned above.
 Sales from continuing operations were $46,471,000 and $92,782,000, respectively for the second quarter and six months of 1992, compared to $46,184,000 and $95,321,000 for the same periods of 1991.
 Katy Industries, Inc. is a diversified corporation with interests in industrial machinery, industrial components and consumer products. Katy common shares are listed on the New York Stock Exchange.
 KATY INDUSTRIES, INC.
 (Thousands of dollars, except per share amounts)
 Six Months Ended Quarter Ended
 June 30, June 30,
 1992 1991 1992 1991
 Sales $ 92,782 $ 95,321 $ 46,471 $46,184
 Income from operations 2,308 6,206(A) 1,476 3,784(A)
 Extraordinary gain - 3,055(B) - -
 Net income $ 2,308 $ 9,261 $ 1,476 $3,784
 Earnings per common share:
 Income from operations $ .26 $ .65(A) .16 $ .40(A)
 Extraordinary gain - .32(B) - -
 Net income $ .26 $ .97 $ .16 $ .40
 Average shares
 outstanding 9,020,129 9,590,273 9,017,387 9,575,208
 Financial Notes:
 (A) Includes net gain on sale of Union Pacific common stock of $3,543,000, or $.37 per share.
 (B) Equity in insurance settlement reported as an extraordinary gain by an unconsolidated subsidiary.
 -0- 7/29/92
 /CONTACT: Jacob Saliba, chairman and chief executive officer, 617-266-4100, William H. Murphy, president and chief operating officer, 312-379-1121, or J. Russell Jones, vice president and treasurer, 312-379-1121, all of Katy Industries/
 (KT) CO: Katy Industries Inc. ST: Illinois IN: SU: ERN


PS -- NY054 -- 4581 07/29/92 11:37 EDT
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Publication:PR Newswire
Date:Jul 29, 1992
Words:438
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